Early Termination of Master Lease. If, without the fault of Sublessor or Sublessee, the Master Lease should terminate prior to the expiration of this Sublease, neither party shall have any liability to the other party. To the extent that the Master Lease grants Sublessor any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublessor shall be entitled to exercise or not exercise such right in its complete and absolute discretion.
Appears in 2 contracts
Samples: Sublease (Tularik Inc), Sublease (McHenry Metals Golf Corp /Ca)
Early Termination of Master Lease. If, without the fault of Sublessor or Sublessee, the Master Lease should terminate prior to the expiration of this Sublease, neither party shall have any liability to the other party. To the extent that the Master Lease lease grants Sublessor any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, or otherwise, Sublessor shall be entitled to exercise or not exercise such right in its complete and absolute discretion.
Appears in 1 contract
Samples: Tularik Inc
Early Termination of Master Lease. If, without the fault of Sublessor Sublandlord or SublesseeSubtenant, the Master Lease should terminate prior to the expiration of this Sublease, neither party shall have any liability to the other party. To the extent that the Master Lease grants Sublessor Sublandlord any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, condemnation or otherwise, Sublessor Sublandlord shall not be entitled to exercise or not exercise such right without Subtenant’s consent, which may be granted or withheld in its complete and absolute Subtenant’s sole discretion.
Appears in 1 contract
Samples: Sublease (Macrogenics Inc)
Early Termination of Master Lease. If, without the fault of Sublessor Sublandlord or SublesseeSubtenant, the Master Lease should terminate prior to the expiration of this Sublease, neither party shall have any liability to the other party. To the extent that the Master Lease grants Sublessor Sublandlord any discretionary right to terminate the Master Lease, whether due to casualty, condemnation, condemnation or otherwise, Sublessor Sublandlord shall be entitled to exercise or not exercise such right in its complete and absolute discretion.
Appears in 1 contract
Samples: Asset Purchase Agreement (Sbe Inc)